Traditionally electric utility stocks have offered stable growth and high dividend yields. Though they are boring to own they are usually preferred by income-seeking investors such as retirees and others. Electric utilities are highly regulated in many states in the U.S. Despite the tough regulatory conditions electric companies are a monopoly in the areas they operate and are granted rate increases by regulators on a regular basis which helps them generate higher profits.
Power company stocks that are traded on the NYSE are shown below:
No. | Company | Ticker |
|---|---|---|
| 1 | Ameren Corporation | AEE |
| 2 | American Electric Power Company, Inc. | AEP |
| 3 | The AES Corporation | AES |
| 4 | ALLETE, Inc. | ALE |
| 5 | Avista Corporation | AVA |
| 6 | Allegheny Energy, Inc. | AYE |
| 7 | Black Hills Corporation | BKH |
| 8 | Constellation Energy Group, Inc. | CEG |
| 9 | CH Energy Group, Inc. | CHG |
| 10 | Companhia Energetica Minas Gerais (ADR) | CIG |
| 11 | CMS Energy Corporation | CMS |
| 12 | Cleco Corporation | CNL |
| 13 | CenterPoint Energy, Inc. | CNP |
| 14 | CPFL Energia S.A. (ADR) | CPL |
| 15 | Central Vermont Public Service Corp | CV |
| 16 | Dominion Resources, Inc. | D |
| 17 | Covanta Holding Corporation | CVA |
| 18 | DPL Inc. | DPL |
| 19 | DTE Energy Company | DTE |
| 20 | Duke Energy Corporation | DUK |
| 21 | Dynegy Inc. | DYN |
| 22 | Consolidated Edison, Inc. | ED |
| 23 | The Empire District Electric Company | EDE |
| 24 | El Paso Electric Company | EE |
| 25 | Edison International | EIX |
| 26 | Companhia Paranaense de Energia (ADR) | ELP |
| 27 | Enersis S.A. (ADR) | ENI |
| 28 | Empresa Nacional de Electricidad (ADR) | EOC |
| 29 | Entergy Corporation | ETR |
| 30 | Exelon Corporation | EXC |
| 31 | FirstEnergy Corp. | FE |
| 32 | FPL Group, Inc. | FPL |
| 33 | Georgia Power Company | GPW |
| 34 | Great Plains Energy Incorporated | GXP |
| 35 | Hawaiian Electric Industries, Inc. | HE |
| 36 | Huaneng Power International, Inc. (ADR) | HNP |
| 37 | IDACORP, Inc. | IDA |
Last week FirstEnergy announced it will buy competitor Allegheny Energy for $4.7B in stock, paying a 32% premium based on last Wednesday’s closing price. The combined company would have six million customers in the seven states of Virginia, West Virginia, Ohio, Maryland, New Jersey, New York and Pennsylvania. Total annual revenues of the merged company is projected to be $16B.
More consolidation may happen in the industry as companies try to maximize efficiency and grab market share. FPL Group, Inc. (FPL) is a high quality dividend stock that has performed consistently over many years. The current yield is 4.15%. Among the ADRs, CPFL Energia (CPL) of Brazil pays a 6.36% dividend.
